All Forum Posts by: Raquel Pea

@Corwin Hernandez Good hearing from you. :) And yes, wholesaling does sound very attractive. The only issue for me is it's legality. It seems that when done properly, wholesaling is completely legal. So it will just be a matter of studying up on good practice and all the specificities of legal wholesaling. See you around!

@Chris Mason Thank you for the advice. I keep hearing that Berkeley is an amazing experience, so I don't want to brush it off quite yet!

I am getting in touch with some realtors around the East Bay that I'd like to shadow - a great way to learn the marketing and sales side of things...

See you around the forums! 

Hello BP!

My name is Raquel. I'm 21 years old and currently studying economics in college and debating if I really want to transfer to UC Berkeley to pursue my degree. I'm worried about incurring student debt and ultimately holding back my RE goals. I know this is a very gray area, but advice from those with experience would help me immensely in my journey. Laziness does not play into my hesitation of pursuing a degree. I have a 4.0 GPA, am co-president of the Architecture club, and I thoroughly enjoy the process of learning and interacting with my peers. Sometimes I just get this gut feeling that I need to dive head-first into what has been calling me for years...

Let me tell you a bit about my goals! First of all, I have had a passion for real estate since I was about 10 years old, when I began searching Trulia and Zillow to study and "plan" my future investments. I am currently building my credit while living in a four bedroom home where I rent out 3 of the rooms through AirBnB. The rent is now completely covered and I have positive cash flow coming in.

Now that I am living rent free, I've enrolled in real estate classes and plan on getting licensed in order to learn all I can about the housing market here in West Oakland, as well as to build relationships with others in the RE fields. I have also been spending a lot of time on BP listening to podcasts and reading through the forums, which is amazing!

My plan of action is to continue building my credit and experience as a realtor, and to use RE wholesaling to build the initial funds needed to invest in my first multi-family home. Then I will use the BRRRR method (Buy, Rehab, Refinance, Rent out, Repeat) to continue building my portfolio. I'm just not sure where a college degree comes into play.

I appreciate any and all advice. Hopefully soon I will be able to return the favor and offer some of my very own advice!

All the best,

Raquel Pea